Urban Institute: Qualified Mortgage impact overblown

Urban Institute: Qualified Mortgage impact overblown

New rules have only slightly slowed mortgage lending

WATCH: Former Wells Fargo CEO calls BofA fine “extortion”

Kovacevich says fine is political and has “nothing to do with justice”

BofA reaches $16.65B settlement over "toxic waste" mortgages

Loans date back to Countrywide and Merrill Lynch
W S
Investments / The Ticker

Fannie Mae: Book of mortgage business declines

/ Print / Reprints /
| Share More
/ Text Size+

Fannie Mae's book of mortgage business decreased at a compound annualized rate of 4.8%, compared to 4% last month, according to the GSE's monthly summary.

For the full year of 2012, Fannie Mae’s gross mortgage portfolio totaled about $633 billion, down from $708 billion a year prior. 

The conventional single-family, serious delinquency rate fell one basis point to 3.29% in December, remaining relatively unchanged from 3.3% in November

The multifamily seriously delinquency rate also fell one basis point to 0.24% in December, compared to 0.25% in November. 

Fannie Mae completed 12,095 loan modifications, totaling 163,412 for 2012. Last month, the government-sponsored enterprise completed 151,317 loan modifications. 

In December, the GSE’s gross mortgage portfolio grew at a compound annualized rate of 1%.

The monthly report summary contains information about Fannie Mae’s monthly and year-to-date activities including mortgage-backed securities, interest-rate risk measures and serious delinquency rates. 

Recent Articles by HousingWire Staff

Comments powered by Disqus